Iron Ore DCE Jan25 Daily Technical Review 21/08/24

Verdict- Neutral to Bullish.

DCE iron ore maintained bullish as expected. Hourly MACD widened in bullish territory. Hourly slow stochastic KD created three higher gold crosses from August 15th and reached overbought area. Hourly CCI reached bullish territory. Iron ore potentially extend bullish sentiment in next session.

First support 716.5. First resistance 788.5.